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Argentine Stocks Rise Again
Amid Ongoing Bank Worries

The International Monetary Fund's denial of more aid for Argentina didn't spook local investors who drove the Merval index higher, which led some Americas markets higher Thursday.

In the face of dispiriting news that the International Monetary Fund and other multilateral lenders have halted lending due to the country's inability to meet fiscal targets for 2001, Argentina's benchmark Merval rose 24.27 points to 253.45.